5955 Mt. Rushmore Road

Rapid City, SD 57701

Well-established commercial investment featuring four strong local tenants, multiple income streams, and immediate upside through lease-up. Current tenants include Ponderosa Smiles Dentistry, Good Dominion Tattoos, Karate for Kids, and K&O Property Management. Two additional spaces provide a clear path to increased occupancy, rental income, and NOI: Front/Corner Anchor + Drive-Thru: Highly visible space ideal for retail, medical, food, service, or other customer-focused uses. Existing drive-thru infrastructure enhances flexibility and value. Rear Office + Warehouse: Versatile space suited for contractors, trades, distributors, service businesses, and other users requiring office, workspace, and storage. Seller Income Protection: If both vacant spaces remain unleased after one year, the seller will reimburse the base rent for the two spaces, providing added protection toward stabilized Year One gross income. Located along Mt Rushmore Rd (Hwy 16), one of Rapid City's key commercial corridors connecting Int 90, downtown, and the Black Hills, this property is positioned to benefit from significant nearby growth, including Sanford Health's planned $500M+ medical campus with approximately 480,000 SF, 168 inpatient beds, and capacity for 168 additional beds. Additional residential, medical, and commercial development is underway near Catron Blvd & Hwy 16, including Buffalo Crossing as well as the soon available NE corner. Listed by Randy Olivier, RE/MAX Advantage, 605.430.6246.

Listing courtesy of Randy Olivier of RE/MAX Advantage



Listing information is provided by Participants of the Black Hills Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Black Hills Association of REALTORS MLS.
Data last updated at: 2026-09-08 03:26 AM UTC